Field Examinations

Achieve Greater Clarity in Your Lending Decisions

Financial institutions seeking knowledge and insights that lead to more confident lending decisions trust RKL to provide customized solutions. Depending on the particular need as well as your own institutional processes and policies, we have the flexibility to structure engagements that range from traditional Agreed-Upon Procedures (AUP) to more in-depth analysis and assessment offered through a Field Examination.

Whether you’re an Asset-Based Lender or a traditional lender primarily focused on cash flow, RKL is uniquely positioned to meet your specific needs. Our highly credentialed team stands apart in the region for their deep expertise in areas such as business valuation, risk management and general accounting and financial reporting matters. Drawing on these diverse and experienced perspectives, you can count on RKL to deliver a sound assessment of your clients’ risk position, quality of earnings, operations and other factors that result in better clarity for your lending decisions.

Our process starts with a clear understanding of the information that’s most relevant to your specific needs. Driven by your established objectives, we’ll define the scope and determine the procedures to be performed. Whether it’s a pre-funding examination to assess the strength of the collateral you’re lending on or recurring examinations for an existing borrower, we recognize that a lending decision is a deliberate process with real-time constraints. Accordingly, our processes and solutions are built around you.

Field Exam Reporting Options

Agreed-Upon Procedures

Structured scope of procedures under a standard AUP format which include specific procedures designated by the client, such as:

Verification of inventory existence

Inventory cost analysis and price testing

Confirmation of accounts receivable and other substantive testing

Field Examination

Focuses on processes, controls and quality of information generated through financial reporting and can include:

Walk-through of specific transactions

Review of relevant financial reporting systems and processes

Comprehensive financial analysis and industry comparison

Quality of interim, internal financial reporting

Quality of earnings analysis

Business risk assessment

Executive summary

Agreed Upon Procedures and Field Exam

A more comprehensive offering that includes both agreed-upon procedures as well as the additional analysis and review offered in a field exam.

Ready to enhance your organization's lending or borrowing prospects with a field exam?